What is the salary of a Masters student in Germany?

€55K. The estimated salary for a Masters Student is €55,000 per year in the Germany area. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users.

What is the minimum salary after Masters in Germany?

Due to the advanced MS degrees, Germany's job market is prominent for MS degree holders with in-demand jobs in various sectors such as IT, Engineering, Data Science, and other specialisations. The average salary after MS in Germany ranges between €46,000 and $ 110,000 yearly.

Does having a Masters degree increase your salary in Germany?

The Role of Education in Salary in Germany

Education is also an important factor that can impact your salary in Germany. In general, individuals with higher levels of education, such as a Master's degree or PhD, can expect to earn higher salaries than those with just a Bachelor's degree or vocational training.

How much a student can earn in Germany per month?

How much money can you earn while studying? The monthly income limit for students is €522.50 (as of January 2024) until you will be required to pay taxes to the state, making any earnings below €522.50 tax-free in Germany. So, if you earn a monthly sum of €522.50, your annual income as a student will be €6,270.

Is it easy to get job after Masters in Germany?

Working after Graduating

Germany has a very rich job market, especially for students of Masters in Management. They are very welcoming to international students seeking work in their country, and this is evident from their easy transition methods from student visa to the EU Blue Card.

How to Apply to a German University (The Beginners Guide)

Is Master degree in Germany worth it?

A Masters in Germany is one of the most sought-after postgraduate study courses in Europe. With a historic higher education system and a large number of courses in English, it's not hard to see why! In fact, Germany has more top-ranked universities than any other country outside the UK or USA.

Can I stay in Germany after I finish my Masters?

How long can you stay after finishing your Master's in Germany? The job seeker's visa allows you to stay in Germany for 18 months to look for work.

How much is rent in Germany?

In general, the average monthly expenses in Germany can add up to €1,698 for a single person or €3,561 for a family of 4. However, these averages can vary depending on where you live, as rental prices are higher in cities popular among expats. For instance, the average rent in Germany is €800 per month.

Do students pay tax in Germany?

As a student, you can earn up to 522.50 euros per month without having to pay taxes to the German state (as of January 2024). So if you receive your salary every month on a mini-job basis, you will receive 6,270 euros per year. There is an annual tax-free allowance for students.

Can student work 40 hours in Germany?

You can work up to 20 hours per week while studying. If you exceed this, you'll be required to pay into the German social security system, and there could be a negative impact on your studies. Non-EU/EEA students are also able to work in Germany alongside their studies, for 120 full days or 240 half days per year.

Which Masters degree is most in demand in Germany?

A Management Masters in Germany is popular among both home and international students. You can opt for general management subjects or go for a specific area or industry like Engineering or Human Resources. In both cases, a Masters in Management Studies will equip you for top-level jobs at successful German companies.

Which degree pays the most in Germany?

Is 70000 a good salary in Germany?

A good annual gross salary in Germany is between €64,000 to €81,000. But most Germans who earn a yearly gross salary of €60,000 and above are happy with their salary.

How many hours can a Masters student work in Germany?

Students from abroad can also work in Germany alongside their studies. Students from EU/EEA countries are allowed to work for up to 20 hours per week during the semester, just like German students are. There is no limit to how much they can earn during semester breaks.

Can I work full time as a master student in Germany?

You may not spend more time working than you do studying. Otherwise, studying is no longer your main occupation. Therefore, as a student, you may not work more than 20 hours a week during the lecture period.

What happens if a student works more than 20 hours in Germany?

Students usually pay low contributions – and only if they earn more than 520 EUR per month. TIP: If you work more than 20 hours per week, not only will your studies suffer, you will also have to pay health, unemployment and nursing care insurance contributions.

How much does it cost to live in Germany as a student?

According to DAAD statistics, the average monthly living expense for a student in Germany is 867 euros (864 USD*). Thus, the annual living expenses can be calculated as 10,368 euros per year or 10,334 USD per year. This is far lower than other European countries, including the UK, Switzerland, Denmark, etc.

How much can I save in Germany as a student?

Students in Germany usually spend roughly 850 Euros every month on average as living costs. You will require approximately 10, 300+ Euros annually in living costs and close to 40% of global students will want to find student residences owing to lower costs hovering around 300 EUR per month.

Can I live on 1000 euros a month in Germany?

The cost of living in Germany is quite reasonable compared to other European countries. As a single person, you will need a minimum of €934 per month (around $1,018 US dollars) or €11,208 per year (around $12,217 US dollars) to cover your living expenses in Germany as of 2024.

Is 1000 euros enough for a month in Germany?

What is the cost of living in Germany? It would be hard to get by for less than €1,000 a month in Germany, and this rises to around €1,500€ - €2,000€ in the cities where rents are higher. Students can usually cover living costs for around €850 a month.

Is Health Care Free in Germany?

In Germany, healthcare is partially free due to the social contributions to the public healthcare system. This means that individuals can receive medical services free of charge for the most part. However, some low copayments apply, such as the €10 charge for a visit to the general practitioner (GP) every quarter.

How long can I work in Germany after Masters?

This extended 18-month period is called the post-study work visa in Germany. In these 18 months, the candidates can work as much as they like and take up any kind of employment to support themselves.

Is it hard to find a job in Germany after graduation?

Job Prospects in Germany

Germany offers abundant career opportunities for recent graduates, thanks to its strong and secure economy. Companies across the country actively seek individuals with German university degrees. While you're still in school, you can keep track of job openings through university bulletin boards.

Can I work in Germany after Masters in UK?

If you're an international student who has just completed their postgraduate degree, you can apply for an 18-month permit which allows you to stay and look for work.